Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-03-11

Baltimore ana Ohio Railroad, is the son
of the late j. w. Garrett, who preceded
/ him in the management of that great
trunk line. The Baltimore and Ohio was
built to draw the western trade to Balti-
more. The trade was diverted from tle
Monumental City by the building of the
great canals, Philadelphia and New
York were receiving the lions share of
the traffic. The first meeting to further
the project was called in 1927 and the
road was opened to Wheeling III 1865
The first stone was laid in SOS by Charles
Carroll, one of the signers of the Declara-
ton OF Independence. The house of
Robert Garrett s Sons was founded in
1919 and was Originally q whOless le
grocery house. Here J. W. Garrett re-
ceiyed his commercial education. When
the Baltimore and Ohio had reached
Wheeling, its finances were in s deplor-
able condition. The house of Garrett &
Sons bought largely Of the bonds, which
were offered at low rates. This marks
the first connection of the Garrett family
with the railroad. j. ". Garrett wss
made president of the road in 1858.
Since then the stock has sold st the
enormous price OF 1925 per share. The
house of Garrett & Sons Still exists ss
a banking establishment under the man
agement of Harrison Garrett Robert
Garrett at the time Of his election to the
presidency of the road was thirty-SeVen
years of age. He is graduate of Prince
ton College, and has spent several wears
In Europe. He has made railrOading a
special study, and served as third vice
president of the road. He was promoted
to the first vice-presjdenCy, and during
the illness that terminated in the death
of his father was practically at the head
Of the great corporation. The Baltimore
and Ohio has extensive western cOnneC.T
tiOrs, and is continually extending it's
lines, The stock is held by private per.
sons and it is extremely rare that any of
it is offered for sale. The Baltimore and
Ohio Telegraph Company, the only .rSvsf
to the Western Union, is conception of
Robert CARROTS. lie is connected VIA
s number OF banks and other faancial IL
stitutions. He is Of robust PHYSIQUE
which enables him to perform the irksome
duties of his Office without physical in.
jury 10 himself
THE BALTIMORE AND ONO.
NEW YORK, March 9-The Times says
"The Times Is authorized to announce
thst control Of the Baltimore and Ohio
Railroad Company has passed into the
hands Of Alfred Sully of New York. Ne
gOtiatiOnS with President Robert Garrett
have been il progress for some time |
Yesterday and late into last night there |
was ant8npol taut meeting relative to the |
TRANSACTION. To-day Mr.. Sully will be |
lie to show in Wall street written con-
tract by virtue of which Mr.. Care tt puts |
him IN possession. This is the greatest, |
and bids fair to be the most influential
railway deal that has taken place IN the
country within many years. The posi- |
bilities Of this new control are beyond
estimation. By the requirement of the
Baltimore and Ohio Railway, EIr. SulIy
and his friends. become controllers of
what Is probably the most extensive
railway system in the world. It
stretches from New ork almost to the ut
termOst parts of the south, and far into the
west. 1t includes the Central Railroad
of New Jersey, the Philadelphia and
Reading, the Richmond Terminal and the
Richmond and Danville properties, the
East Tennessee, the Virginia and Geor-
gia lines, the Central Railroad of Geor-
gia, and now, last of all, the Baltimore
and Ohio; and of all these properties
theEe' is to be made one great trunk line,
witE 5000 miles of track"
THE NEWS RECEIVED AT BALTIMORE.
BALTIMORE, MD, March 9.-Robert
GsrFett, President of the Baltimore and
Ohi0sRsilrsad Company, was seen to-day, |
but bad nothing to say in regard to the |
arrangement for the transfer OIL
the control CT that road. The New York |
Times containing q statement which ap- |
pears to be authentic has crested q sen-st
satiCn here. There is a conviction here |
that ii the road shalt pass into other hands !
the express and telegraph system will go |
with II. The matter IS discussed on eX-
change and street corners, and while some |
approve many condemn the action.
Mr.. Garrett was seen again later in the
day and the statement in the New York |
Times was read 70 him. He still peri
sisted that he had nothing to say about I
the rumnred deal. Il is stated. hoWeVerss
by one to whom Mr.. Garrett talked, taat
ne used the expression, owe are in New /.
York" The excitement increases here |
because of Mr.. CARROTS refusal to make I
any communication in regard to the matt
ter, and the people here generally have |
settled Gown 10 the conclusion thst.
the deal has been effected, and that +
Baltimore will become only way stationj
IN the great railroad system.
sULLY DOESN'T DENY IT.
NEW YORK, March 9.-Alfred Sully was |
applied 10 by a reporter of the Evening |
Post to-day for some statement IN reaarf4
to the circumstantial reports that syn
dicate represented by him has yirtusllv |